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FedEx Stock To Go Ex-dividend Tomorrow (FDX)

NEW YORK (
TheStreet) -- The ex-dividend date for
FedEx Corporation (NYSE:
FDX) is tomorrow, December 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $83.25 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for FedEx has been 2.9 million shares per day over the past 30 days. FedEx has a market cap of $26.22 billion and is part of the
services sector and
transportation industry. Shares are down 9.5% year to date as of the close of trading on Wednesday.

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. The company has a P/E ratio of 17.1, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates FedEx as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full
FedEx Ratings Report.